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January 2018

Sales expectations strengthen in January

  • Demand and sales growth edges up
  • Near term expectations improve noticeably
  • Lack of supply still underpinning price growth

Ricardo Guimarães

Director at Ci

“Prices are recovering and, at a general level, are getting closer to pre-crises values. This is true from a national and regional perspective. Nevertheless, in some markets, especially Lisbon, it is clear that price trends are disconnected from household’s income recovery. This is starting to cause concern for real estate agents, who mention the difficulty in finding houses for sale at prices compatible with domestic and traditional demand.”

Simon Rubinsohn

Senior Economist at RICS

“The Portuguese economy recorded another solid rate of expansion during the final quarter of last year, with growth coming in at 0.7%. This equates to an average annual rate of 2.7% in 2017, the firmest rise in GDP since the year 2000. Recent evidence points to 2018 starting off on a similar footing, with this solid momentum likely to provide a favourable backdrop for housing market activity going forward.”